Municipality Finance
Swap 4175: how a hedged loan became a €600m dispute
City of Linz v Bawag case underlines risks in municipal derivatives
Tackling the Californian deficit
The state we're in
Fears about California budget "valid", says state treasurer
Lockyer warns California may miss budget revenue targets
Harrisburg woes spark fears of muni crisis
Harrisburg woes spark fears of muni crisis
Advance refunding of municipal bonds threatens future value
Making the right call
US municipalities wary of two-way CSAa
Cornered on collateral
New MSRB rules seek to end municipal swap adviser scandals
Dodd-Frank rules take aim at brokers pushing rate swaps for bigger commissions
Binge then bust
Politicians have recently expressed alarm at a cross-currency swap conducted between Greece and Goldman Sachs in 2001, which allowed the sovereign to reduce the debt it reported in its public accounts. But other examples now coming to light show the…
Misery for municipals
A year on from the collapse of the auction rate securities market, short-term variable-rate financing in the US remains scarce. In 2009, municipal issuers face surging costs and low interest rates most can't access. By Peter Madigan
Municipality Finance issues Finnish inflation-linked bond
Finland-based public sector credit institution Municipality Finance has launched a Finnish inflation-linked bond.